A deepfake ad ‘featuring’ Patrice Motsepe is still luring people into online trading platform
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.wo pensioners who invested in Banxso’s trading platforms and lost R1.71 million of their life savings are infuriated by the company’s offer to pay them back less than half of the money in instalments over five months.
“Our lawyers are investigating and identifying appropriate civil and/or criminal action to initiate.” “I then researched Banxso and found that they were a licensed, registered and regulated company. I also called Banxso and established that Marinos was an employee of theirs stationed in Greece.” “Dale called every day to place a few small trades and made us promise not to make any trades on our own. He seemed to take pride in his work and it also seemed like Banxso was trying to take responsibility for the part they played in our loss. He knew we were pensioners and had one big dream — they ask these questions beforehand — of going to Portugal to be closer to our children and grandchildren, whom we have not seen since before Covid-19,” she said.
“Next thing, ‘Olli’ calls. We need to inject more money, just temporarily for a couple of days or risk losing everything. Nothing less than R500 000, which will make us exclusive clients … and they will give us another credit bonus of $10 000.” The account was again running major losses and yet another consultant, “Oscar”, called and tried to convince them to deposit a further $6 320. But the couple refused.
When the Mail & Guardian approached Banxso for comment regarding the two complaints and the prevalent adverts that appeared to be directing investors to its consultants, the company did not respond directly to questions.
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